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Lotus Technology ( (LOT) ) has issued an announcement.
Lotus Technology Inc. announced its preliminary delivery results for 2024, with a notable 70% year-on-year increase in vehicle deliveries, totaling 12,065 units. This growth positioned Lotus as the leader among top luxury brands, with approximately 25% of the deliveries occurring in China. The company also successfully reclaimed its trademark rights in China, enhancing its global brand consistency. Looking forward, Lotus aims to boost global deliveries by 20% in 2025, with China contributing 25-28% of this growth.
More about Lotus Technology
Lotus Technology Inc. is a global leader in intelligent and luxury mobility, specializing in the production of luxury lifestyle battery electric vehicles. The company focuses on world-class research and development in next-generation automobility technologies including electrification and digitalization, with operations across the UK, EU, and China.
YTD Price Performance: -14.14%
Average Trading Volume: 143,619
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.4B
Find detailed analytics on LOT stock on TipRanks’ Stock Analysis page.
